Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL
Trading| Provider | All-in cost | All-in at $100k | All-in at $1M |
|---|---|---|---|
| Extended | 0.026% | 0.028% | 0.052% |
| Hyperliquid | 0.046% | 0.050% | 0.075% |
View
Extendedn/aHyperliquidn/a
Extended vs Hyperliquid
Extended leads on 2 of 5 shared benchmarks, Hyperliquid on 3. Extended wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.026% vs 0.046%), Most tradable markets on a perp DEX, live count per venue (326 vs 178). Hyperliquid wins on Perp DEX volume share, live 24h notional ranked ($7.29B vs $462.82M), Perp DEX cost invariance (1.229x vs 1.254x), Perp DEX daily volume 2026 ($5.23B vs $141.31M).
Extended
Starknet perp DEX (formerly X10) with order book matching and instant withdrawals via STARK proofs.
Hyperliquid
Onchain perp DEX on the Hyperliquid L1. Fully onchain orderbook with sub-second matching, no off-chain matching engine.
Daily perp volume, head to head
Perpetual notional per closed UTC day, the DeFiLlama day buckets, read from each venue's own data. Ribbon under the bars marks which venue printed more that day.
7d lead
Hyperliquid
$1.74B vs $47.19B
30d lead
Hyperliquid
$7.36B vs $191.08B
Days led, last 30
0 / 30
Extended / Hyperliquid
Current streak
90 days
Hyperliquid since Jun 23, 2026
ExtendedHyperliquid
UTC days, one side per trade
Extended volume ÷ Hyperliquid volume, week by week
The ratio of the two venues' seven-day perp volume, in percent; a window is shown only when both sides have every day closed. 100% is parity. The dashed line is the median of the weeks shown; the last window is the 7d tile above.
3.7% · week to 20 Sep · median 5.3%
Extended ÷ Hyperliquid, seven-day windows ending on the last closed day
14 Sep to 20 Sep
| Extended ÷ Hyperliquid | 3.7% |
| vs median | -1.6pt |
| = Extended volume | $1.74B |
| ÷ Hyperliquid volume | $47.19B |
| Window | Extended | Hyperliquid | Extended / Hyperliquid |
|---|---|---|---|
| Last closed day (Sep 20, 2026) | $141M | $5.23B | 3% |
| Last 7 days | $1.74B | $47.19B | 4% |
| Last 30 days | $7.36B | $191.08B | 4% |
Sources: Extended, Extended exchange/stats/trading per day, Starknet (Ethereum deployment until 2025-12-29), both sides halved. Hyperliquid, Hyperliquid info candleSnapshot 1h over the main dex, base volume x hourly mean price; matches the exchange's own dayNtlVlm, HIP-3 dexs published as a separate row. Days where either venue has not closed are left blank rather than counted as zero. Last closed day common to both: Sep 20, 2026. Methodology and every venue on bench 266.
Side by side measurements
Perp DEX volume share, live 24h notional ranked
TradingExtended
Trails$462.82M
- p99
- $675.42M
- rank
- #5
- samples
- 2,880
Hyperliquid
Leads$7.29B
- p99
- $10.43B
- rank
- #1
- samples
- 2,880
24h perp volume
Extendedn/aHyperliquidn/a
Most tradable markets on a perp DEX, live count per venue
TradingExtended
Leads326
- p99
- 326
- rank
- #3
- samples
- 2,880
Hyperliquid
Trails178
- p99
- 178
- rank
- #7
- samples
- 2,880
Active markets
Extendedn/aHyperliquidn/a
Perp DEX cost invariance: all-in bps at $1M vs $1k, live slope ranked
Trading| Provider | Cost slope ($1M / $1k) | $1M fill rate |
|---|---|---|
| Extended | 1.254x | 100.0% |
| Hyperliquid | 1.229x | 99.4% |
View
Extendedn/aHyperliquidn/a
Perp DEX price to fees ratio 2026: Hyperliquid, Aster, Lighter, GMX, GNS live
Trading| Provider | Fees 30d | Open interest | Fees / OI |
|---|---|---|---|
| Extended | $1.71M | $99.87M | 0.208x |
| Hyperliquid | $75.91M | $8.30B | 0.111x |
View
Extendedn/aHyperliquidn/a
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
Perp DEX daily volume 2026: Hyperliquid, Aster, Lighter, GMX, Gains, dYdX by UTC day, backfilled
Trading| Provider | Daily perp volume | Volume 30d | Share 30d |
|---|---|---|---|
| Extended | $141.31M | $7.36B | 2.01% |
| Hyperliquid | $5.23B | $191.08B | 52.2% |
View
Extendedn/aHyperliquidn/a
Volume is self-reported by each venue's public data surface and counted per UTC day, one side of each trade. Perimeters differ slightly per venue and are stated in the ledger notes. A closed day can be restated by a venue for one to two days; the harness re-reads the last three days every hour. Not a measure of organic flow: incentive programs and wash trading inflate notional on every venue.
Frequently asked questions
Extended vs Hyperliquid: which one is better?
Extended and Hyperliquid are compared on 6 shared OpenChainBench benchmarks. Extended leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. Hyperliquid leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which is cheaper, Extended or Hyperliquid?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Extended leads at 0.026% versus Hyperliquid at 0.046%. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher 24h perp volume, Extended or Hyperliquid?
On the Perp DEX volume share, live 24h notional ranked benchmark, Hyperliquid leads at $7.29B versus Extended at $462.82M. Live measurement is updated continuously by the OpenChainBench harness.
How is the Extended vs Hyperliquid comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.